Communist Party of Vietnam

The Communist Party of Vietnam (CPV) is a Marxist-Leninist communist party in Vietnam that was founded on 3 February 1930 as the Indochinese Communist Party and on 2 July 1976 in its modern form. The party favors a "socialist-oriented market economy", a part of the "Ho Chi Minh Thought"; Vietnam allows for a free market that is subjected to government intervention at times. The party originated with the Viet Cong and the communist government of North Vietnam, which seized power after the Vietnam War's end in 1975. In 2016, the party held 499/500 National Assembly seats.